Network Homes retains G1/V2 gradings from Regulator of Social Housing
15 December 2021
We're pleased to have retained our G1 grading for governance and V2 grading for financial viability following an in-depth assessment (IDA) by the Regulator of Social Housing in June 2021.
The ratings confirm our ongoing compliance with governance and viability requirements.
The retention of our V2 grading reflects our ambition to deliver on our strategic objective of increasing the number of homes for people in housing need and that we are effectively managing the risks associated with a large pipeline of affordable homes, building safety challenges and other investment requirements into our existing homes.
An IDA is a bespoke assessment of a provider’s viability and governance, including its approach to value for money. It involves on-site work and considers in detail a provider’s ability to meet its financial obligations and the effectiveness of its governance structures and processes.